Recent content by rajivkumar

No, Nissan is not going out of business, but it is going through a big reorganization plan and is dealing with serious financial and market issues. As part of its recovery strategy, the corporation is lowering production capacity, laying off employees, and closing plants, among other...

To get a business license, you need to choose your business structure, register your business name, determine the specific licenses you need based on your location and industry, and then submit an application with all required documents and fees to the relevant authorities. Be prepared to...

Donald Trump is associated with over 500 business entities within his private conglomerate, The Trump Organization. As of late 2025, it is estimated that around 350 of these are currently active.

Submit Form 4868, "Application for Automatic Extension of Time To File U.S. Individual Income Tax Return." You have three options for filing: by mail, online with an IRS e-filing partner, or via a tax expert. On the extension form, estimate your annual tax liability: For the filing year, deduct...

I want to set up a Facebook business page but I’m not sure about the exact steps. How do you create one—like choosing the category, adding details, and setting up the profile/cover images? Any quick, simple guidance would be appreciated.

What is FICA tax and why is it taken out of every paycheck? I know it has something to do with Social Security and Medicare, but I’d like to understand how the tax works, who pays it, and whether the rate is the same for everyone. Can someone explain the basics?

Old-Age, Survivors, and Disability Insurance (OASDI) is the official name of the federal Social Security tax in the United States. This statutory payroll tax funds a national program that provides financial aid to retirees, individuals with disabilities, and surviving family members of deceased...

Posting a fraud warning alerts lenders to exercise extra caution before extending new loans, which is why it is effective. Anyone who might be exploiting your information will find it more difficult as you refute inaccurate information. It also warns creditors of possible issues, averting more...

I’m trying to get a clear idea of what direct taxes actually are. From what I understand, these are taxes paid directly to the government by individuals or businesses, like income tax or corporate tax. But I’m not sure how they differ from indirect taxes in practice. Can someone explain it in...

A cash flow statement is important because it shows how money actually moves in and out of a business. Unlike profit, which can include non-cash items, cash flow reveals whether a company can pay its bills, buy inventory, invest, and survive day-to-day operations. It helps owners understand...

Hey everyone, I’m trying to get a clearer understanding of what a balance sheet actually is. I know it’s some kind of financial statement, but what exactly does it show and how is it used? If anyone can break it down in simple terms, I’d really appreciate it.

Pick the reporting date. Record the sum of all assets (current as well as non-current). All the liabilities ( current and long term) should be listed and added up. Equity is calculated by the following means: Equity = Assets 0- Liabilities. Balance the equation: Assets= Liabilities + Equity. The...

Financial statements give a snapshot of a company’s financial health, but they’re not perfect. They don’t always show real-time data, can miss qualitative factors like workforce skills or brand value, and may be affected by management’s accounting choices. What other limitations do you think...

Silver can make a good investment, yes but it has to be depending on what you want to do. Here’s a quick view: The reason behind the silver being a good investment. Affordable compared to gold Hedge against inflation Electronics, solar-panels industrial demand is high. Easy to buy and sell...

The difference between your net salary and payroll report can be explained by the fact that: Gross pay has been presented in the report, and net pay is net of deductions. PF, insurance, loans, or LOP, cut your cheque. Certain allowances/reimbursements are indicated but not paid during the month...